Property summary
This exceptional 7,041 square foot building, located at 32 Lowell Street in Reading, Massachusetts, presents a unique investment opportunity. Built in 1913 and designed by George H. Sidebottom in the Late Gothic Revival style, this limestone and granite structure boasts timeless architectural charm. Currently zoned S15, the property offers versatile usage potential for a variety of special purpose applications, including its previous uses as a church and, more recently, a fine arts school. Situated on a sizable 21,175 square foot lot, the property provides ample space for both interior and exterior activities. While the stone facade requires repair or replacement, the building is being sold "as is," offering a chance for customization and renovation. The property is listed on the Massachusetts Historic Register, adding to its unique appeal. The building features two stories and a total of 7,041 square feet of net rentable space. The seller is targeting a June 30, 2025 occupancy date. This prime location within the Boston MSA area presents a compelling opportunity for investors and developers seeking a historic property with significant potential. The property's rich history and versatile zoning make it an ideal candidate for adaptive reuse.
Property profile
VerifiedCap rate & NOI
Current use
-
Theater & Performing Art Venue Vocational School
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
S15 · Reading, MAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for S15 in Reading, MA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.